Replies to post #111608 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[overachiever]

P/E stands for price to earnings, not price to sales. Price to sales ratios on companies are most often much much lower than price to earnings multiples. In today's market, price to sales ratios of less than one are often found. Beyond six to one are rare.

Yes, I do really believe that. It's only 30P/E if there's $150 million in sales.

You don't really believe it will be less than that do you?

[DOLPHY]

I do not think that anyone has read all these posts over the week end. I tried but it is boring. Friday's trading has scared the Sh..t out of me and I am now questioning my long and hold policy.I may very well start flipping.

[printmail01]

Not correct > PE is price to EARNINGS , Market cap is calculated by totals sales multipled by the total outstanding stock and not just the float.

Using todays closing price and the last SPNG filing
SPNG Current Market cap is $99,000,000.00
That is 2.98x trailing 12months sales - pretty lofty - but fair being last 3 months have been so good

And the Trailing PE price to earnings is CURRENTLY 12.8 X
Again LOFTY for an OTC in this market , but Fair for the last few months of solid growth and sales...

But Please dont tell me you are serious about $5 share or even $1 share as beinf fair market price...

Using the current OS from most recent filing , 722 milion shares , the market cap would be well over 3.5BILLION at $5 share , even if it was $1 share that is $722 milion market cap , say they do sell $150 milion in revenues and 20million profit over next 12 months , give it a 15xPE and or 2x sales , that is only about $300million market cap and about $.42 per share. IMPO that is hugely over the top , I agree SPNG is solid growing company , I would love to sell my shares for $1, but lets be real here guys. IMO the current market cap of $100 milion and PE of about 13 is very high but very fair for a growing company....

[printmail01]

Posted by: printmail01 Date: Sunday, June 14, 2009 6:29:34 PM
In reply to: xDREWx who wrote msg# 111597 Post # of 114961

CURRENT O/S from most recent filing is over 700 million with the A/S at 2 BILLION shares , so u r calculating market cap based on what ? ur projected share count or the true factual share count? and STILL > $1.5 billion marklet cap on $150 milion in sales? lol..... u dont really believe that , enjoy ur day , Happy Posting , GLTA

Message In Reply To:'xDREWx'
Yes, I do really believe that. It's only 30P/E if there's $150 million in sales.

You don't really believe it will be less than that do you?

LOL, maybe that's what is wrong with you all.